jvidÊÓƵ

Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.22.4
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Other Intangible Assets Ìý
Schedule of changes in the carrying amount of goodwill

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ÌýÌýÌýÌý

QxH

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QVCÌýInternational

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CBI

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CorporateÌýandÌýOther

ÌýÌýÌýÌý

Total

Ìý

​

​

amountsÌýinÌýmillions

Ìý

Balance at January 1, 2021

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$

5,228

​

921

​

12

​

477

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6,638

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Foreign currency translation adjustments

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​

—

​

(66)

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—

​

—

​

(66)

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Impairments

​

​

—

​

—

​

—

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(233)

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(233)

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Balance at December 31, 2021

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​

5,228

​

855

​

12

​

244

​

6,339

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Foreign currency translation adjustments

​

​

—

​

(77)

​

—

​

—

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(77)

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Impairments

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​

(2,535)

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—

​

—

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(226)

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(2,761)

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Balance at December 31, 2022

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$

2,693

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778

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12

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18

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3,501

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Schedule of Intangible assets subject to amortization

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DecemberÌý31,Ìý2022

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DecemberÌý31,Ìý2021

Ìý

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ÌýÌýÌýÌý

Gross

ÌýÌýÌýÌý

ÌýÌýÌýÌý

ÌýÌýÌýÌý

Net

ÌýÌýÌýÌý

Gross

ÌýÌýÌýÌý

ÌýÌýÌýÌý

ÌýÌýÌýÌý

Net

Ìý

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carrying

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Accumulated

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carrying

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carrying

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Accumulated

​

carrying

Ìý

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amount

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amortization

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amount

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amount

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amortization

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amount

Ìý

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amountsÌýinÌýmillions

Ìý

Television distribution rights

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$

664

Ìý

(592)

Ìý

72

Ìý

818

Ìý

(673)

Ìý

145

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Customer relationships

​

Ìý

3,307

Ìý

(3,120)

Ìý

187

Ìý

3,321

Ìý

(3,087)

Ìý

234

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Other

​

Ìý

1,473

Ìý

(1,120)

Ìý

353

Ìý

1,443

Ìý

(1,077)

Ìý

366

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Total

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$

5,444

Ìý

(4,832)

Ìý

612

Ìý

5,582

Ìý

(4,837)

Ìý

745

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Schedule of amortization expense for the next five years Based on its amortizable intangible assets as of DecemberÌý31, 2022, jvidÊÓƵ expects that amortization expense will be as follows for the next five years (amounts in millions):

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2023

ÌýÌýÌýÌý

$

274

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2024

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$

184

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2025

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$

97

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2026

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$

51

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2027

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$

3

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​